Analysts Update Coverage on Corus Entertainment after Losing Warner Brothers Partnership

Analysts Update Coverage on Corus Entertainment after Losing Warner Brothers Partnership

Corus Entertainment

Several analysts have recently updated their ratings and target prices for a particular stock, reflecting a generally negative outlook after the company lost their contract with Warner Brothers Entertainment.

  1. CIBC World Markets: Downgraded the stock to Underperform with a target price of CAD 0.25 (06/11/2024).
  2. STA Research: Assigned a Speculative Buy rating with a target price of CAD 0.35 (06/11/2024).
  3. RBC: Maintained a Sector Perform rating with a target price of CAD 0.5 (06/11/2024).
  4. National Bank Financial: Downgraded the stock to Underperform with a target price of CAD 0.25 (06/11/2024).
  5. Canaccord Genuity: Assigned a Sell rating with a target price of CAD 0.25 (06/10/2024).
  6. Scotia Capital: Downgraded the stock to Underperform with a target price of CAD 0.37 (06/10/2024).

Corus Stock Analysis

Analyst Forecast and Rating: Based on the stock forecast from 8 analysts, Corus Entertainment Inc has an average target price of CAD 0.81 over the next 12 months. The analysts’ consensus rating for Corus Entertainment Inc is a “Hold,” indicating that they do not recommend buying or selling the stock aggressively at this time.

Stock Target Advisor Analysis: Stock Target Advisor’s own analysis of Corus Entertainment Inc is bullish. This optimistic outlook is derived from 11 positive signals and 4 negative signals. The bullish stance suggests that the company’s fundamentals and market conditions are perceived to support potential growth or stability.

Recent Performance:

  • Current Price: At the last closing, Corus Entertainment Inc’s stock price was CAD 0.345.
  • Weekly Performance: The stock price has decreased by 27.37% over the past week.
  • Monthly Performance: Over the past month, the stock has seen a decline of 31.00%.
  • Yearly Performance: In the last year, the stock price has plummeted by 74.44%.

Summary: Corus Entertainment Inc is currently experiencing significant volatility and a notable decline in stock price, reflected in its substantial drops over the past week, month, and year. Despite the recent downturn, the average target price set by analysts suggests potential for recovery, with a target nearly 2.5 times the current stock price. The mixed sentiments from analysts (Hold rating) and Stock Target Advisor (Bullish) indicate that while there are positive indicators for the stock, there are also significant risks and uncertainties that investors should consider.

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